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A Justice Department official said in March that
banks that have non-prosecution agreements over failures to
police transactions for criminal activity could see those deals
withdrawn.
UBS, along with four other main banking units, was expected to
plead guilty to U.S. criminal charges over manipulation of
foreign exchange rates, people familiar with the matter told
Reuters on Monday.
JPMorgan Chase & Co Citigroup, British banks Royal Bank of
Scotland and Barclays, and UBS had been expected to resolve
forex-rigging investigations by the U.S. Justice Department
later this month.
A representative from the Justice Department was not immediately
available for comment.
A spokesman for UBS declined to comment on the report.
In first-quarter earnings earlier this month, UBS lowered its
litigation reserves to 2.7 billion Swiss francs ($2.91 billion)
from 3.05 billion francs.
(Reporting by Kanika Sikka in Bengaluru; Additional reporting by
Oliver Hirt in Zurich; Editing by Ken Wills and Louise Heavens)
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